Latest report from Acronis, a global leader in cyber protection, has revealed that cybercriminals are now focusing more on cryptocurrencies and decentralized finance (DeFi) platforms.
Through these attacks, Acronis said hackers have stolen more than $60 billion in DeFi currency since 2012; while $44 billion of that amount was stolen during the last 12 months, that is from June 2021 to June 2022.
In the mid-year cyber threats report, conducted by Acronis’ Cyber Protection Operation Centre; the cybersecurity company disclosed that the hackers perpetrate their crime by exploiting flaws in smart contracts; or stealing recovery phrases and passwords with malware or phishing attempts. Through these, it said the hackers have wormed their way into crypto wallets and exchanges.
The report also details how ransomware continues to be the number one threat to large and medium-sized businesses; including government organizations, and underlines how over-complexity in IT and infrastructure leads to increased attacks.